Antimicrobial additive is a precise solution which is infused into a product during manufacturing process to inhibit, kill and prevent the growth of microorganisms including bacteria, microbes, fungi and protozoans. The additives can be manufactured into a wide range of material such as plastics, paints, textiles, paper, rubber, coatings and ceramics. They are increasingly used in the production of medical devices for instance sheaths, access systems, guide-wires, diagnostic catheters, guiding catheters, and thrombectomy devices to prevent the microbial growth.
According to study, “Global Antimicrobial Additives Market: Information by Type (Organic, Inorganic), Application (Plastics, Paints & Coatings, Rubber & Silicone, Fabric), End-Use Industry (Healthcare, Construction, Furniture, Textile), and Region-Forecast till 2023” the key companies operating in the global antimicrobial additives market are DowDuPont, BASF SE, Clariant AG, PolyOne, Biocote Limited, SteriTouch Ltd., Sanitized AG, Biosafe Inc., NanoBioMatters Industries S.L., A. Schulman Inc., RTP Company, W.M. Barr & Company, Inc., Milliken Chemical, Momentive PerTypeance Materials Inc., SteriTouch Limited, Life Materials Technologies Limited, Sanitized AG, Plastics Color Corp., Microban International, Addmaster Limited. The key companies are making effort to offer superior quality products and to increase their product portfolio.
Based on type, antimicrobial additives market is segmented into organic antimicrobial additives and inorganic antimicrobial additives. Organic antimicrobial additives include Oxybisphenox Arsine (OBPA), Triclosan, 4,5-Dichloro-2-(N-Octyl)-4-Isothiazolin-3-One (DCOIT) and others. Inorganic antimicrobial additives include silver, zinc and copper. The organic additives are extensively used in products & materials to offer long-lasting protection due to their extremely high activity rate and ability to interact with huge number of microbes in a short period. Based on application, market is segmented into pulp & paper, paints & coatings, plastics and others. Plastic segment is expected to witness substantial growth rate owing to extensive use in soap dispensers, surgical products, food containers, and breathing devices during the forecast period. In addition, based on end-user, market is segmented into automotive, construction, packaging, healthcare, food & beverage and others. Healthcare segment holds major share in market as a result of growth in use of antimicrobial additives in insulated pathology bags, catheters, vaccine carriers, hospital bedding, surgical drapes, wound dressings, and syringes as they minimize biofilm formation.
The antimicrobial additives market is driven by growth in use of antimicrobial additives in plastic applications followed by high adoption rate in the construction industry and expand in global healthcare industry. However, strict government regulations and volatility in raw material price may impact the market. Moreover, growth in adoption of antimicrobial additives in various applications and increase in plastic waste are key opportunities for market.
Based on geography, the North-American region dominates the antimicrobial additives market owing to growth in development of healthcare infrastructure, high occurrence of diseases coupled with geriatric population unhealthy dietary habits and rise in availability of reimbursement coverage in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to growth in construction sectors and increase in government initiatives over the forecast period. In upcoming years, it is projected that future of the market will be bright caused by rise in consumer awareness regarding the increase in number of health issues. The global market is expected to register 6.58% CAGR to reach US $12,562.6 million by the end of 2023.
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Ankur Gupta, Head Marketing & Communications